BUSINESS ORGANIZATIONS: PARTNERSHIP, LLC, AND CLOSELY HELD CORPORATIONS

Prerequisites & course information

Requisites: Declared in Law JD Course Designation: Grad 50% - Counts toward 50% graduate coursework requirement Repeatable for Credit: No Last Taught: Fall 2026 Learning Outcomes: 1. Recognize the primary legal forms for doing business in the United States, from the basic relationship of principal and agent, through the general partnership, to the corporation Audience: Graduate 2. Identify how fiduciary duties interact with contracting and with statutory norms in structuring entity governance Audience: Graduate 3. Recognize the basic drivers of business entity choice, especially limited liability, tax treatment, and financing Audience: Graduate 4. Compare and contrast a wide range of business relationships and their legal structures Audience: Graduate Learning Outcomes: 1. Recognize the primary legal forms for doing business in the United States, from the basic relationship of principal and agent, through the general partnership, to the corporation Audience: Graduate 2. Identify how fiduciary duties interact with contracting and with statutory norms in structuring entity governance Audience: Graduate 3. Recognize the basic drivers of business entity choice, especially limited liability, tax treatment, and financing Audience: Graduate 4. Compare and contrast a wide range of business relationships and their legal structures Audience: Graduate